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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Aug 17, 2024
Page
8
Lowe's reports second quarter results with forecast 3.96 earnings per share on 23.9 billion dollars in sales as a housing slump weighs renovation demand. Target follows with expected 2.19 per share on 25.2 billion dollars, after four straight quarterly declines in comparable sales.
The Census Bureau will release July new home sales data Friday. June sales dropped 7.4 percent year over year after May's 16 percent decline, reversing last year's 4.2 percent rise. Despite rate relief, rates near 7 percent keep buyers cautious.
Quotable remark notes consumers remain historically glum yet exhibit an improving trajectory. The quote emphasizes cautious optimism amid modest recovery in consumer sentiment.
U.S. equity indexes edged up as Wall Street closed its best week since November. The S&P 500 rose 0.2 percent while the Dow gained 0.2 percent and the Nasdaq finished lower. A packaging company forecast earnings for the year that mostly fell below analysts' expectations.
Stocks composite rose 0.2 percent as Treasury yields eased on mixed U.S. economy data. Markets steadied after a manic week driven by strong data that helped offset earlier fears. H&R Block close at 64.45, up 12.1 percent on earnings forecast beating expectations.
The calendar lists free events at Watson Library including film showings of Chicago on Aug 28 and The Great Gatsby on Nov 12, plus an art workshop on Nov 6 and a 1920s party film. Anschutz Library hosts a Sept 19 birthday cake event, while Kenneth Spencer Research Library closes fall with a 2024 time capsule and an archival exhibit on Watson Library’s history and Carrie Watson, longtime KU librarian.
Mobility issues affect over 1 in 5 Americans and their loved ones. A new device named Journey Air Elite uses aerospace carbon fiber to create a lighter, transportable mobility option aimed at reducing loss of independence and improving quality of life for those with limited mobility.
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